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FINANCIAL SERVICES
‘HNIs prefer equity, commercial realty’
Simple banking products losing appeal: ICICI Bank More

Reliance Money ties up with TV 18 unit
Mumbai, Sept. 26 Reliance Money is the new kid on the block selling gold coins. The Anil Dhirubhai Ambani Group company is importing 24 carat gold coins (.999 fineness) from the Swiss-based refiner Valcambi, through Scotia Mocatta, ... More

INSIGHT
The wages of financial innovation
The current sub-prime triggered financial crisis is quite different from what the world had witnessed in the past. It is not one-dimensional or confined to a specific sector. It has intertwined banks with an array of other institutions. More

FOREX
Forex turnover rises to $34 b
Mumbai, Sept. 26 Strong economic growth and liberalisation of banking and foreign exchange norms have helped the country’s total foreign exchange turnover increase from $ 2 billion in April 1998 to $ 34 billion in April ... More

Rising Re: Textile exporters shift focus to Europe
Trying to convince clients to pay in euro More

Rupee firmer by 4 paise
More

GENERAL INSURANCE
GIC Re eyes acquiring stake in African cos
Expansion overseas as obligatory cessions are phased out More

GIC Re posts lower underwriting losses
Mumbai, Sept. 26 General Insurance Corporation of India (GIC Re) has reported an underwriting loss of Rs 75.95 crore, substantially lower than the Rs 1,260 crore loss in the previous year. The high underwriting loss in 2006 was due to the ... More

FINANCIAL MARKETS
When FII inflows almost equal FII outflows
Chennai, Sept. 26 The market reacted excitedly to the news that net FII flows between April and June 2007, at $ 7.4 billion, were twice the total of $3.2 billion in the preceding twelve months put together, but paid little attention to Balance ... More

DEBT MARKET
Bond market flat
More

HUMAN RESOURCES
HDFC Bank, ITM sign pact
The Institute for Technology and Management (ITM), Chennai, has an MoU with HDFC Bank to promote co-operation advancement of academic and business exchanges between the two.Under the agreement, HDFC Bank and ITM will run a joint ... More

NON-PERFORMING ASSETS
Rs 219-cr interest on farm loans written off
Outstandings till 2006 waived in 3 Kerala districts More

MERGERS & ACQUISITIONS
SBT staff on strike today
More

ALLIANCES & JOINT VENTURES
Rabobank arm, Canara venture gets nod
Canara Robeco, a joint venture between Canara Bank and Robeco Groep NV, has received regulatory approvals for commencing operations. The new entity was formally announced at a board meeting today. Mr Rajnish Narula, is the CEO of the ... More

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